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Nov 18, 2012
11/12
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economy falls off the fiscal cliff. >>> they are far from a deal, but if you listen carefully, you can hear the faint sounds of compromise. >> we're both going to have to give up some of the things that we know are a problem. >> most of my members, i think, without exception, believe we're in the dilemma we're in not because we tax too little, but because we spend too much. >> okay, maybe it doesn't sound like much, okay, but when congressional leaders left the white house, they were talking about getting a deal, if believe on the nick of time. >> we can do this and avert the fiscal cliff that is right in front of us today. >> we should have a deadline before christmas. >> high stakes deal making in the season of goodwill. the possibilities are endless. not all of them are good. senate majority whip dick durbin, and the house chairman tom price are next. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decon
economy falls off the fiscal cliff. >>> they are far from a deal, but if you listen carefully, you can hear the faint sounds of compromise. >> we're both going to have to give up some of the things that we know are a problem. >> most of my members, i think, without exception, believe we're in the dilemma we're in not because we tax too little, but because we spend too much. >> okay, maybe it doesn't sound like much, okay, but when congressional leaders left the white...
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Dec 13, 2012
12/12
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it has everything to do about the fiscal cliff. and it's happening behind closed doors. and what is said in public does not seem to clear anything up. >> the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff, and the more american jobs are placed in jeopardy. >> so what's really going on behind the scenes? earlier i spoke with republican senator jeff sessions, who's been asking the same question, and i asked him how much he, as the ranking member of the senate budget committee, actually knows about what's going on. >> very little. almost nothing, frankly. i mean, i learned from sources that the speaker was disappointed and things were not moving forward as well as he seemed to have indicated right there in those public remarks. but otherwise, really, we don't know. and the people that are losing in this process, this secret process, are the american people. they'll be the ones asked to pay more taxes. they may be the ones that are asked to tighten their belts. and they need to know what the choices are and what we're wrest
it has everything to do about the fiscal cliff. and it's happening behind closed doors. and what is said in public does not seem to clear anything up. >> the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff, and the more american jobs are placed in jeopardy. >> so what's really going on behind the scenes? earlier i spoke with republican senator jeff sessions, who's been asking the same question, and i asked him how much he, as the...
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Dec 11, 2012
12/12
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with just 2 d2 days until the fiscal cliff kicks in and we all go sailing off. we're hearing a lot of talk between the president and house speaker. apparently, these are behind closed doors because they're talking over or at or something not good at each other. here is president obama in detroit on his plan to raise taxes on families making more than $250,000 a year. >> that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks. >> is the tough talk road show working for the president tonight? ben is a former press secretary for the obama campaign. he had a vacation that's why he looks healthy now. and republican strategist terry holt. good to see both of you. terry, i want to start with you. the most recent poll we have says by a margin of about 2 to 1, americans say republicans in congress will be to blame if there's not a deal on the fiscal cliff. so is the speaker losing the fiscal cliff pr battle? the american people are blaming him. >> well, the s
with just 2 d2 days until the fiscal cliff kicks in and we all go sailing off. we're hearing a lot of talk between the president and house speaker. apparently, these are behind closed doors because they're talking over or at or something not good at each other. here is president obama in detroit on his plan to raise taxes on families making more than $250,000 a year. >> that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us,...
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Nov 14, 2012
11/12
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cliff that threatens the american economy. tonight, washington is none too happy about being left out of the loop as the fbi investigates the general petraeus sex scandal. >> it's rather shocking to find out candidly that we weren't briefed. >> it would have been nice to know before we saw it on tv. >> the president was certainly surprised when he was informed about the situation regarding general petraeus on thursday. >> meanwhile, the top general in afghanistan allegedly caught red-handed exchanging flirtatious e-mails of his own with jill kelley. plus the debut of my new cnn colleague, the culinary superstar who will dine on anything, anthony bowurdane is here. joining me is barbara starr and intelligence correspondent, suzanne kelly. welcome back to you both. every night i say right off the top, can any of us get our heads round this and how much more ridiculous can it get, and lo and behold, it gets more ridiculous. barbara starr, let's try and get to what we believe to be the facts behind all the kind of lurid, titillati
cliff that threatens the american economy. tonight, washington is none too happy about being left out of the loop as the fbi investigates the general petraeus sex scandal. >> it's rather shocking to find out candidly that we weren't briefed. >> it would have been nice to know before we saw it on tv. >> the president was certainly surprised when he was informed about the situation regarding general petraeus on thursday. >> meanwhile, the top general in afghanistan...
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Nov 9, 2012
11/12
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economy plunging back into recession. we're talking about the so-called fiscal cliff. it is a combination of automatic spending cuts to the tune of $1.2 trillion over the next ten years and tax increases for 90% of americans. we're going to hear from the president shortly about the economy and the fiscal cliff. he is scheduled to speak at 1:05 eastern. we're going bring you the remarks live, of course, but right now correspondents here for pregame analysis. we've got ali velshi and christine romans in the house, our money team. we have wolf blitzer and chief political analyst claire borger in washington, and jessica yellin. she is actually at the white house making her way into the east room where she is going to be covering that statement. wolf, i want to start off with you. this event in the east room, there will be middle class foilgs behind him. these are the folks that would be impacted by a tax increase. he is notts taking any questions. they already won. this is not a campaign event here. if this is really about governing, why do you think we are seeing this kin
economy plunging back into recession. we're talking about the so-called fiscal cliff. it is a combination of automatic spending cuts to the tune of $1.2 trillion over the next ten years and tax increases for 90% of americans. we're going to hear from the president shortly about the economy and the fiscal cliff. he is scheduled to speak at 1:05 eastern. we're going bring you the remarks live, of course, but right now correspondents here for pregame analysis. we've got ali velshi and christine...
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Dec 29, 2012
12/12
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. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. ve, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. i have a cold, and i took nyquil, but i'm still "st
. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. ve, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest....
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Dec 29, 2012
12/12
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. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car
. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ trust duracell to power their donated toys? duralock power...
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cliff negotiations, could this be a starting point? "outfront" republican congressman james lankford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. appreciate you're taking the time. what about this idea of racing taxes on everyone? the math works much better. >> i heard your lead in when you said this is a new idea. actually, it's not a new idea, there are several democrats who have floated that for a while. the code word is we want to go back to the clinton tax rates and talk about the clinton economy that we had a much more vigorous economy and growth and we should go back to the clinton tax rates. what that really means is all tax rates on all americans go back up because the tax rates were brought down in 2001 and 2003. i don't support that. i don't think that's a great idea. it would slow down the economy. >> when you look at economist's evaluations, it would slow down the economy. it would. there's no question about it. but if the problem is that we have
cliff negotiations, could this be a starting point? "outfront" republican congressman james lankford of oklahoma, incoming chairman of the republican policy committee, the fifth ranking position in the house gop leadership. appreciate you're taking the time. what about this idea of racing taxes on everyone? the math works much better. >> i heard your lead in when you said this is a new idea. actually, it's not a new idea, there are several democrats who have floated that for a...
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Dec 29, 2012
12/12
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. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. because it's the final 100 hours of the ford year end celebration. last chance to get the best deals of the year on america's freshest lineup. hurry in for the great mileage. hurry in the latest technology. the clock is ticking. so hurry to the final 100 hours of ford's year end celebration. before everything's gone. and one more thing...hurry. get a focus with 2000 cash plus 500 year end bonus cash with no charge sync and sound during the final hundred hours of the ford year end celebration. only at your local ford dealer. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you n
. >>> "outfront" next, worries about the fiscal cliff wreaking havoc on our economy. stocks down for the fifth straight day. what lawmakers must do to stop the bleeding. >>> we count down our top political rivalries. find out how many of your favorite politicians made this list. because it's the final 100 hours of the ford year end celebration. last chance to get the best deals of the year on america's freshest lineup. hurry in for the great mileage. hurry in the...
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Nov 17, 2012
11/12
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FBC
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melissa: is it fiscal cliff, even if they come to a deal on the fiscal cliff not like the economy is getting better anytime soon. i see why it would be a disaer if we go over but i think we're in bad shape either way. >> i don't disagree. short term fiscal cliff or tumult in washington creates uncertainty. longer term the policy that will govern where this economy goes. and i think, as you pointed out some of the tax issues if that alone, the policy, as long as you continue down that path of highers taxes higher regulation, more intervention, a lost folks are saying will i want to participate in a game that simply seems rigged? melissa: what would you do from here? a lot of people asked me before the election, if president obama is reelected won't the stock market go up. i said no, absolutely. everyone says it will go down and at is exactly what happened. i want to give them the same sage advice . what do you do? do you buy gold? do you maybe, maybe real estate now is starting to make a lot of sense. prices are very low. terest rates are very low. you have to invest in something you
melissa: is it fiscal cliff, even if they come to a deal on the fiscal cliff not like the economy is getting better anytime soon. i see why it would be a disaer if we go over but i think we're in bad shape either way. >> i don't disagree. short term fiscal cliff or tumult in washington creates uncertainty. longer term the policy that will govern where this economy goes. and i think, as you pointed out some of the tax issues if that alone, the policy, as long as you continue down that path...
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Nov 14, 2012
11/12
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CNBC
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the economy is still in a shaky period and we need this fiscal cliff. we need policymakers to come to an agreement. from president obama's speech, we really weren't given a lot of guidance. there is still a lot of uncertainty out there and there's nothing that's been said that looks like they've really come to any meaningful agreement. >> erin, when bob pisani did his report immediately after the president's news conference, he pointed out that the markets went to the lows of the session at certain points where he was talking about really being emphatic on raising tacks on the wealthy. is that just conspiracy theory or do you think that makes sense that the markets would go to the lows of the session on that? >> i think that may be more of a coincidence. i think right now the biggest thing is just uncertainty. the only thing he talked about was the tax rates on the wealthiest. he still didn't address specifically capital gains or the dividend rates. other than the 2%, the wealthiest americans, they all know their tax rates are going up but the rest of a
the economy is still in a shaky period and we need this fiscal cliff. we need policymakers to come to an agreement. from president obama's speech, we really weren't given a lot of guidance. there is still a lot of uncertainty out there and there's nothing that's been said that looks like they've really come to any meaningful agreement. >> erin, when bob pisani did his report immediately after the president's news conference, he pointed out that the markets went to the lows of the session...
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president and also house speaker making public statements today about the economy and the fiscal cliff. so markets clearly waiting to see what those two gentlemen have to say about where we go from here. >> ahead on "starting point" this morning, is there a civil war brewing within the republican party? some critics say the tea party is to blame. up next we'll get reaction from tea party organizer kelly carender. and a new warning, what parents should know about nesquik. that's ahead. ger. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. 100% new. 100% mmm... wow, that is mmm... it's so mmm you might not believe it's a hundred calories. new yoplait greek 100. it is so good. and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to
president and also house speaker making public statements today about the economy and the fiscal cliff. so markets clearly waiting to see what those two gentlemen have to say about where we go from here. >> ahead on "starting point" this morning, is there a civil war brewing within the republican party? some critics say the tea party is to blame. up next we'll get reaction from tea party organizer kelly carender. and a new warning, what parents should know about nesquik. that's...
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Nov 20, 2012
11/12
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FBC
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he says the fiscal cliff outcome will make-or-break the economy in 2013. peter barnes is in washington with more. peter, i mean, it's more idle talk, though; right? we are not seeing any action. peter: well, he's trying to push all the politicians down here to action with these warnings, tracy, no doubt about it. he did say that depending on the outcome, he is prepared to help provide more assistance to the economy, more monetary easing, potentially in the form of additional quantitative easing, expanding qe 3, making it bigger, but he says that what the economy really needs is a fix to the fiscal cliff. he says that's causing a lot of uncertainty out there along with europe. but he said the fiscal cliff problem is especially causing uncertainty and said quote, it seems to be weighing on spending decisions of households and businesses as well as on financial conditions. so he said the politicians in here could help to strengthen the recovery significantly if they avoid the cliff, but if they don't, he said, don't count on the fed to save the day. >> in the
he says the fiscal cliff outcome will make-or-break the economy in 2013. peter barnes is in washington with more. peter, i mean, it's more idle talk, though; right? we are not seeing any action. peter: well, he's trying to push all the politicians down here to action with these warnings, tracy, no doubt about it. he did say that depending on the outcome, he is prepared to help provide more assistance to the economy, more monetary easing, potentially in the form of additional quantitative...
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the overall american economy does, too. let's talk about what the fiscal cliff is. starting in the beginning of the year because of a deal the congress did last year to raise the debt ceilings, all these things will go into play at the same time, big spending cuts, bush tax cuts expire, minimum tax cut goes away, payroll tax holiday goes away, unemployment benefits extension. whole bunch of things. middle income households making, say, $50,000 a year would see their tax bill rise $2,000. $2,000 for the year. immediately your paycheck, you would notice a change there o r overall, certainly in what you pay when you pay your taxes. this is the spending part of it. 8% to 10% cuts in budgets for everything you could think of, from the fda, centers to disease control, education, border patrol, cdc director has said this. 8% to 10% reduction will risk costy and deadly spread of disease and failures to prevent tragic and expensive health problems. yeah. this is something that really matters. a math problem between democrats and republicans is something that matters to every
the overall american economy does, too. let's talk about what the fiscal cliff is. starting in the beginning of the year because of a deal the congress did last year to raise the debt ceilings, all these things will go into play at the same time, big spending cuts, bush tax cuts expire, minimum tax cut goes away, payroll tax holiday goes away, unemployment benefits extension. whole bunch of things. middle income households making, say, $50,000 a year would see their tax bill rise $2,000. $2,000...
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Aug 6, 2012
08/12
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CNBC
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economy is steamrolling towards the fiscal cliff. economy already feeling the effects. what's congress doing about it? nothing. it is now on a five-week vacation. unbelievable but true. that's story coming up. do you think congress should be going on vacation with the fiscal cliff unresolved? tweet us at cnbcclosingbell. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me work my strategies, tdd#: 1-800-345-2550 spot patterns and find opportunities more easily. tdd#: 1-800-345-2550 then, when i'm ready... act decisively. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on an
economy is steamrolling towards the fiscal cliff. economy already feeling the effects. what's congress doing about it? nothing. it is now on a five-week vacation. unbelievable but true. that's story coming up. do you think congress should be going on vacation with the fiscal cliff unresolved? tweet us at cnbcclosingbell. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my...
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Sep 14, 2012
09/12
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CNN
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congress can help with that, though, by acting to back off the country off of a fiscal cliff we keep talking about and getting the debt under control. stimulus would be a lot more likely to work if businesses have a clear idea of what lies ahead. don't expect any clarity until after the election. >>> response to that anti-muslim film. how can the united states help to secure the region? we'll look into what can be done. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want
congress can help with that, though, by acting to back off the country off of a fiscal cliff we keep talking about and getting the debt under control. stimulus would be a lot more likely to work if businesses have a clear idea of what lies ahead. don't expect any clarity until after the election. >>> response to that anti-muslim film. how can the united states help to secure the region? we'll look into what can be done. [ male announcer ] how can power consumption in china, impact wool...
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Dec 8, 2012
12/12
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report was quite favorable, having a crash austerity program right now, that's what the fiscal cliff is, would be a big mistake. so the two sides have to get together on this grand bargain. >> well, we certainly hope they do. alice rivlin, thank you very much. >> you're welcome. >>> switching gears now. what is the future for the pop star psy? he may have the most popular video in the history of youtube, but an old video surfaced for the rapper calling for the death of american troops. we'll explain next. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. it has 7 antioxidants to support cell health. one a day 50+. at the chevy year-end event because chevy's giving more. more efficiency with sonic and cruze... more function in equinox and traverse... more dependabilit
report was quite favorable, having a crash austerity program right now, that's what the fiscal cliff is, would be a big mistake. so the two sides have to get together on this grand bargain. >> well, we certainly hope they do. alice rivlin, thank you very much. >> you're welcome. >>> switching gears now. what is the future for the pop star psy? he may have the most popular video in the history of youtube, but an old video surfaced for the rapper calling for the death of...
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Nov 8, 2012
11/12
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tomorrow afternoon, talk about the economy, fiscal cliff. it doesn't look like he will take questions, not a full scale. post election news conference, though. it may be coming soon. >> bret: we'll cover it live on fox. thanks. what is the most pressing issue right now for president? let me know on twitter. follow me. @bretbaier. we kept you well fed with steady diet of polls in the campaign. which ones were right? this which ones were complete junk food? answer is later in the grapevine. up next, trying to wean the economy off massive debt and deficits. [ male announcer ] what are happy kids made of? bikes and balloons, and noodles on spoons. a kite, a breeze, a dunk of grilled cheese. catches and throws, and spaghettio's. a wand, some wings, soup with good things. sidewalks and doodles and wholesome noodles. puddles and pails and yes, puppy dog tails. for a lunch like this, there's a hug and a kiss. because that's what happy kids are made of. campbell's. it's amazing what soup can do. >> bret: one of the most pressing issue for president o
tomorrow afternoon, talk about the economy, fiscal cliff. it doesn't look like he will take questions, not a full scale. post election news conference, though. it may be coming soon. >> bret: we'll cover it live on fox. thanks. what is the most pressing issue right now for president? let me know on twitter. follow me. @bretbaier. we kept you well fed with steady diet of polls in the campaign. which ones were right? this which ones were complete junk food? answer is later in the grapevine....
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Dec 4, 2012
12/12
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also, republicans are now out with a counteroffer on the fiscal cliff. congressman becerra is going to join us. republican ron johnson from the state of wisconsin will discuss the fiscal cliff and the negotiations for that, as well. plus the truth about all those myths that your parents told you. should you run with scissors? no, of course not. can you swim after you eat? no, of course not. the all-time jeopardy champion ken jennings has a new book out where he researchers all these myths and breaks it down. >> it's so funny. >> yes, yes. it's ahead this morning at the top of the hour on "starting point." >> oh, wow. thanks soledad. >> coming up, about catherine duchess of cambridge, right? and her royal bun in the oven and how we now have eight more months of speculation whether it's a boy or a girl, what they're going to make it. we're going to talk to elizabeth cohen when morning sickness is so terrible you go to the hospital. >> and i'm also curious about extreme morning sickness means it could be twins? elizabeth cohen is going to have all the infor
also, republicans are now out with a counteroffer on the fiscal cliff. congressman becerra is going to join us. republican ron johnson from the state of wisconsin will discuss the fiscal cliff and the negotiations for that, as well. plus the truth about all those myths that your parents told you. should you run with scissors? no, of course not. can you swim after you eat? no, of course not. the all-time jeopardy champion ken jennings has a new book out where he researchers all these myths and...
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up next, tax hikes, overspending, uncertainty, fiscal cliff threatening the economy, but maybe not? we take it all up with moody's chief economist, and deutsche bank senior economist here next. stay with us. lou: you know, it may surprise some that december is historically the strongest month for investors. the s&p500 posting gains in december, 82% of the time since 1990. it's that 18% that should trouble folks, but are concerns with the fiscal cliff giving investors a reason to be less than optimistic? joining me is john, and carl, senior economist for deutsche bank. gentlemen, thank you for being here. start with the treasury secretary. the man in charge of our treasury is out telling everyone that the administration he works for is a part of is perfectly prepared to go over the fiscal cliff in order to raise a tax rate to 39.6%. does that make any sense to you? are you shocked, surprised? >> well, i guess i'm not surprised given we're in the early stages of the discussion, but for the economists and forecasters out there calling this is the fiscal slope, not a cliff or believe it
up next, tax hikes, overspending, uncertainty, fiscal cliff threatening the economy, but maybe not? we take it all up with moody's chief economist, and deutsche bank senior economist here next. stay with us. lou: you know, it may surprise some that december is historically the strongest month for investors. the s&p500 posting gains in december, 82% of the time since 1990. it's that 18% that should trouble folks, but are concerns with the fiscal cliff giving investors a reason to be less...
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Sep 13, 2012
09/12
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ben bernanke has gone before congress and said, you are letting the economy go off the fiscal cliff. the congressional budget office said if the economy goes off the fiscal cliff, we will go into a recession. congress is doing nothing. the administration is narrowing on regulation. my latest book, how green job's policy is damaging america's image goes onto details of this. gerri: so we are in a tough spot? we have some breaking news that what i need to get to. sorry to interrupt you. the house just passed a stopgap measure to fund the government for six months. the senate will take this up, i believe, next week. do i have that right, kevin? he is giving me details as they break so the house just passed the stopgap measure. gary, that leads me to my next question. is the federal reserve the answer to the economy and the problems it has? >> they have zero interest in the economy. there is one where he that is hovering over the economy and that is uncertainty. it is emanating from washington on funds. number one, there are $16 trillion in debt. i know we have set it 60,000 times, but t
ben bernanke has gone before congress and said, you are letting the economy go off the fiscal cliff. the congressional budget office said if the economy goes off the fiscal cliff, we will go into a recession. congress is doing nothing. the administration is narrowing on regulation. my latest book, how green job's policy is damaging america's image goes onto details of this. gerri: so we are in a tough spot? we have some breaking news that what i need to get to. sorry to interrupt you. the house...
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Dec 12, 2012
12/12
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he said, no, it's a fiscal can cliff because the economy will hit a brick wall if there is not a deal in january. he says it is not hype. >> he's basically saying if we go over the fiscal cliff, if these lawmakers and white house doesn't make a deal, it could lead to a recession? >> that >> reporter: that's right. we could hit another recession if we go over the fiscal cliff. >>> shoppers that dive for cover as a gunman opens for cover in an oregon mall. we're going to give you the latest details, including the newly released identity of the man. >>> internet pioneer john mcafee is on his way back to the united states. kate bolduan is monitoring that story and others. >> guatemala officials escorted him to the airport and he boarded the plane to miami after a deportation order from guatemala. he is wanted for questioning in belize over the death of a neighbor. we've been following his story pretty closely. mcafee was held in guatemala for a week. he made his fortune from the anti-virus software that bears his name. >>> also, jacob tyler roberts was the lone gunman in the shooting at t
he said, no, it's a fiscal can cliff because the economy will hit a brick wall if there is not a deal in january. he says it is not hype. >> he's basically saying if we go over the fiscal cliff, if these lawmakers and white house doesn't make a deal, it could lead to a recession? >> that >> reporter: that's right. we could hit another recession if we go over the fiscal cliff. >>> shoppers that dive for cover as a gunman opens for cover in an oregon mall. we're going...
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Dec 24, 2012
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regardless of the fiscal cliff. >> to be fair, i'm told there are a number of republicans, especially in the house, who want to go over the cliff for the reason i explained, that they'd much rather vote for a tax cut than a tax increase because they don't want to break your pledge. grover, thank you very much. appreciate it. >> no one should break their pledge. >> merry christmas. thank you, grover. >> merry christmas to you. >> ahead on "starting point," who would do this right before christmas? real grinches break into one family's home, turning over their tree, stealing their electronics. what are they going to do about it? we'll talk to them live next. i . because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/price
regardless of the fiscal cliff. >> to be fair, i'm told there are a number of republicans, especially in the house, who want to go over the cliff for the reason i explained, that they'd much rather vote for a tax cut than a tax increase because they don't want to break your pledge. grover, thank you very much. appreciate it. >> no one should break their pledge. >> merry christmas. thank you, grover. >> merry christmas to you. >> ahead on "starting point,"...
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Nov 14, 2012
11/12
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>> we can all imagine a scenario where we go off the fiscal cliff. if -- if, despite the election, if despite the dangers of going over the fiscal cliff and what that means for our economy that there's too much stubbornness in congress that we can't even agree on giving middle class families a tax cut, then middle class families will have a big tax hike. that's going to be a pretty road shock for them and i suspect will have a big impact on the holiday shopping season, which, in turn, will have an impact on business planning and hiring. and we can go back into a recessi recession. it would be a bad thing. it is not necessary. i want to repeat. step number one that we can take in the next couple of weeks provide certainty to middle class fam lirks 98% of family who is make less than $250,000 a year, 97% of small businesses, that their taxes will not go up a dime next year. give them that certainty. get that done. we can set up a structure whereby we are dealing with tax reform, closing loop hoels, dealing with entitlements. i'm ready and willing to ma
>> we can all imagine a scenario where we go off the fiscal cliff. if -- if, despite the election, if despite the dangers of going over the fiscal cliff and what that means for our economy that there's too much stubbornness in congress that we can't even agree on giving middle class families a tax cut, then middle class families will have a big tax hike. that's going to be a pretty road shock for them and i suspect will have a big impact on the holiday shopping season, which, in turn,...
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Dec 26, 2012
12/12
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nuclear disaster. >>> six days to go before the fiscal cliff deadline and tomorrow could be make or break in determining if we steer clear or go over the edge. president obama is cutting his hawaiian vacation short and is leaving tonight and will be back tomorrow. that is when the house and senate is expected to reconvene. >>> starbucks weighing in with the own fiscal cliff campaign. workers at 120 d.c. area stores are asked to write this on their cup. come together. yeah, he says it's a way to send elected official as a respectful but potent message, urging them to come together to fin common ground. not grounds, ground. >> all of the bickering in washington, all it will take is a cup at starbucks, i think it will push everybody over the edge. get a deal. >>> ahead, a u.s. marine who languished in a mexican prison for months, gets to spend the holidays at home with his family. >>> coming up, we'll talk to one of the lawmaker who's helped win his release. you're watching "starting point." ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's b
nuclear disaster. >>> six days to go before the fiscal cliff deadline and tomorrow could be make or break in determining if we steer clear or go over the edge. president obama is cutting his hawaiian vacation short and is leaving tonight and will be back tomorrow. that is when the house and senate is expected to reconvene. >>> starbucks weighing in with the own fiscal cliff campaign. workers at 120 d.c. area stores are asked to write this on their cup. come together. yeah, he...
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Nov 9, 2012
11/12
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. >> reporter: the economy could go off that cliff. so what exactly is the fiscal cliff? it is a nightmare combination of tax hikes and spending cuts that congress and the president agreed to. to force themselves into a compromise. but so far, they have not agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expire. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes per year, for those with three children or more, that jumps to $4700. on top of that, the payroll tax cut would expire. so add on a 2% tax increase for most workers, with automatic spending cuts in a thousand government programs, including defense, medicare, extended unemployment benefits. everything but veteran's benefits and social security, and federal pensions congress says that action would act as a break on the economy, throwing it back into recession and could cause a market crash. >> people watching very closely is can the ad
. >> reporter: the economy could go off that cliff. so what exactly is the fiscal cliff? it is a nightmare combination of tax hikes and spending cuts that congress and the president agreed to. to force themselves into a compromise. but so far, they have not agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expire. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an...
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Nov 14, 2012
11/12
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>> we can all imagine a scenario where we go off the fiscal cliff. if -- if, despite the election, if despite the dangers of going over the fiscal cliff and what that means for our economy that there's too much stubbornness in congress that we can't even agree on giving middle class families a tax cut, then middle class families will have a big tax hike. that's going to be a pretty road shock for them and i suspect will have a big impact on the holiday shopping season, which, in turn, will have an impact on business planning and hiring. and we can go back into a recessi recession. it would be a bad thing. it is not necessary. i want to repeat. step number one that we can take in the next couple of weeks provide certainty to middle class fam lirks 98% of family who is make less than $250,000 a year, 97% of small businesses, that their taxes will not go up a dime next year. give them that certainty. get that done. we can set up a structure whereby we are dealing with tax reform, closing loop hoels, dealing with entitlements. i'm ready and willing to ma
>> we can all imagine a scenario where we go off the fiscal cliff. if -- if, despite the election, if despite the dangers of going over the fiscal cliff and what that means for our economy that there's too much stubbornness in congress that we can't even agree on giving middle class families a tax cut, then middle class families will have a big tax hike. that's going to be a pretty road shock for them and i suspect will have a big impact on the holiday shopping season, which, in turn,...
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Nov 14, 2012
11/12
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they say don't go off the cliff. they don't want to see the economy derailed. we're just seeing the economy come back. but they predict if we go over a fiscal cliff, if there's a hike in unemployment to 9.1%. nobody wants to see that. so they said come up with a solution before the year's end and then come up with a comprehensive plan. >> what i'm hearing from democrats on the hill, extending all those tax cuts, not what they're looking to do right now. >> a battle in the meantime, you see wall street over the last several days since the election. the numbers are going down, down, down. every day, losing, the dow jones, the s&p. >> he's being called the human hamster. we have the business man who fought a losing battle against an escalator. i invest in what i know. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dolla
they say don't go off the cliff. they don't want to see the economy derailed. we're just seeing the economy come back. but they predict if we go over a fiscal cliff, if there's a hike in unemployment to 9.1%. nobody wants to see that. so they said come up with a solution before the year's end and then come up with a comprehensive plan. >> what i'm hearing from democrats on the hill, extending all those tax cuts, not what they're looking to do right now. >> a battle in the meantime,...
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Sep 26, 2012
09/12
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economy facing so-called fiscal cliff. that translates to some 600 billion in tax hikes and government spending cuts. due to take effect in the next year. >> i want to grow and invest in the community. i am holding things back because of the uncertainty. >> survey of the national association of neverrers and the independent business revealed 55% say federal regulation, tax, government spending and the cost of health insurance have hurt the economy and their businesses. >> small businesses are on the sidelines. not inclined to invest now until they see what is going to happen between now and the end of the year. >> experts say it's about risk and reward. business owners won't gamble their money when they don't know what the government might impose. >> if we don't maintain the current tax rate, what this means is we'll have to pull back. because it hurts our budget. that means start hiring. >> speaker boehner noted that the house passed a bill for sequestration and would like to extend tax cut for a year to allow time to wor
economy facing so-called fiscal cliff. that translates to some 600 billion in tax hikes and government spending cuts. due to take effect in the next year. >> i want to grow and invest in the community. i am holding things back because of the uncertainty. >> survey of the national association of neverrers and the independent business revealed 55% say federal regulation, tax, government spending and the cost of health insurance have hurt the economy and their businesses. >>...
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Dec 7, 2012
12/12
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: vice president biden was confident that this deal will get done because he's optimistic genetically. says if everyone can act like adults and can reach an agreement, the up side will be much greater than the down side. >> any indication when there might be a presidential meeting with the speaker? >> reporter: we don't know at all. there has been one phone call this week. white house aides saying so far they're not making announcements about meetings or phone calls. >> they need to meet to resolve this. maybe their teams and staffers could do some advance work but the clock is ticking. dan lothian, thank you. >>> president obama's top campaign strategist is here in a few minutes. david axelrod did something today he hasn't done in decades. look at that, before and after. he's ready to challenge a member of cnn's political team to do the same thing. stand by. >>> and take a look at this. we're going to tell you why the driver says she didn't stop ou
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: vice president biden was confident that this deal will get done because he's optimistic genetically. says if everyone can act like adults and can reach an agreement, the up side will be much greater than the down side. >> any indication when there might be a presidential meeting with the speaker? >> reporter: we don't know at all. there...